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Is the new year the right time for a new estate plan?

Many New Jersey residents who committed to New Year's resolutions may have started to lose their way already with regard to accomplishing their annual goals. However, it is important for readers of this Camden County business and estate planning law blog to know that it is never too late for them to take on their legal needs and aspirations.

Particularly, 2016 may be the year that readers wish to formalize their personal estate plans. An estate plan is an organized collection of legal devices that demonstrates how a person's assets will be divided up in the event of his passing. Estate plans do not have to be flashy or complex, but they should abide by some solid legal principles to ensure that they are both operative and effective. The attorneys of the Donnelly Ritigstein Law Offices can help their clients meet these important ends.

An estate plan may involve the wills, trusts, and other testamentary devices of an individual or couple. It may provide for inheritance rights in certain friends and family members and it may be organized to minimize the financial burdens that taxes can impose. There are many important considerations that estate planners should make, and legal professionals can be helpful when it comes to understanding the intricacies of a personal estate plan.

The first month of 2016 is almost in the books. Whether readers have stopped going to the gym or have failed to keep up with other intended resolutions, they still have time to take care of important personal business. Please contact the Donnelly Ritigstein Law Offices to learn more about its estate planning services and to jumpstart one's estate plan in the New Year.

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